0800 634 4846

Can we help?

Call 0800 634 4846

& arrange your no obligation initial consultation - fee covered by us

Auto Enrolment

Work place pensions

Check to see if
this affects YOU

Pension
Calculator

How much do you need to put into a pension?

Do some sums!

Why use a buy to let mortgage

Using a mortgage to purchase a property for rent

If you want to purchase a property for rent and require a mortgage you will need a special kind of mortgage called a buy to let mortgage.

These mortgages differ in one particualr area, and that is affordability. The lender will assess affordability based on the loan to value (the amount of deposit put towards the purchase) the the likely rent achievable, or rental yield. If the lender decides the rental yield would not be enough to maintain the mortgage repayments many would decline to offer a mortgage regardless of the financial status of the applicants.

Mortgage deals

Typical deposites required by lenders range from 15% to 25% of the purchase price. The required rental yield varies from lender to lender.